You’ve purchased gold and are now preparing your tax return. Many people wonder whether they need to declare their gold to the Dutch Tax and Customs Administration (Belastingdienst). In this article, we’ll guide you step by step through everything you need to know about reporting gold in your Dutch tax return.

Do I need to declare gold to the Dutch Tax Authorities?

Yes, you must include your gold holdings in your annual income tax return under Box 3 (savings and investments). The Dutch Tax Authority considers gold to be an investment. This means you need to report the value of your gold as it was on January 1 of the relevant tax year (the so-called reference date). You can determine this value based on the current gold price on that date.

Note: for tax purposes, only the market value of your gold on the reference date is relevant. The price you originally paid does not matter.

How do I report gold in my tax return?

If you own gold, you must enter its market value as of January 1 under your assets in Box 3. This value determines how much your gold contributes to your total taxable wealth. The Tax Authority uses the current market price, not your purchase price, for this calculation.

What gold price should I use for my tax return?

The value of your gold for your tax return is based on the market price on January 1 of the tax year. This price forms the basis for calculating your assets in Box 3.

To make this easier, we’ve compiled the official gold prices per coin and gold bar based on the reference date. This allows you to easily find the correct value to use when completing your tax return.

Tax exemption for investment gold in Box 3

Gold is part of your assets in Box 3. The Dutch Tax Authority applies a tax-free allowance, meaning a threshold amount up to which you do not pay any tax.

In 2025, this exemption amounts to €57,000 per person and €114,000 for fiscal partners. You only pay tax on the portion of your total assets — including savings, investments, and gold — that exceeds this threshold.

There is no separate exemption specifically for gold. If the total value of your assets remains below the tax-free allowance, your gold will not affect your tax liability. Always discuss your personal situation and available exemptions with your tax advisor or accountant.

Read more about which precious metals are subject to tax upon purchase.